SS&H Financial Advisors Inc. Cuts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

SS&H Financial Advisors Inc. lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,881 shares of the utilities provider’s stock after selling 270 shares during the period. SS&H Financial Advisors Inc.’s holdings in NextEra Energy were worth $2,357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Steigerwald Gordon & Koch Inc. increased its holdings in NextEra Energy by 4.2% during the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 236,518 shares of the utilities provider’s stock worth $19,993,000 after purchasing an additional 9,509 shares during the period. Advocate Group LLC lifted its position in NextEra Energy by 1.2% during the 3rd quarter. Advocate Group LLC now owns 57,060 shares of the utilities provider’s stock worth $4,823,000 after acquiring an additional 682 shares during the period. Atlas Private Wealth Advisors lifted its position in NextEra Energy by 4.4% during the 3rd quarter. Atlas Private Wealth Advisors now owns 6,921 shares of the utilities provider’s stock worth $585,000 after acquiring an additional 290 shares during the period. Enterprise Bank & Trust Co lifted its holdings in shares of NextEra Energy by 3.6% in the 3rd quarter. Enterprise Bank & Trust Co now owns 22,272 shares of the utilities provider’s stock valued at $1,883,000 after buying an additional 783 shares during the period. Finally, Wedmont Private Capital lifted its holdings in shares of NextEra Energy by 15.4% in the 3rd quarter. Wedmont Private Capital now owns 14,722 shares of the utilities provider’s stock valued at $1,182,000 after buying an additional 1,968 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $0.87 during trading on Thursday, hitting $81.45. 2,744,078 shares of the company traded hands, compared to its average volume of 10,829,697. The stock has a market capitalization of $167.34 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 3.08 and a beta of 0.56. The business’s fifty day moving average is $81.07 and its 200-day moving average is $74.55. NextEra Energy, Inc. has a one year low of $50.95 and a one year high of $86.10. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period in the previous year, the firm posted $0.88 earnings per share. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.53%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NEE. Royal Bank of Canada raised their price objective on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Evercore ISI lifted their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. Jefferies Financial Group initiated coverage on NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. Wells Fargo & Company boosted their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $83.07.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.